UPDATE 1-US FDA approves BeOne's drug for a type of blood cancer

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- BeOne Medicines 688235.SS said on Wednesday that the U.S. Food and Drug Administration has approved its drug for a type of blood cancer.

U.S.-listed shares of the company were up more than 1% in afternoon trade.

The drug, branded as Beqalzi, was greenlit to treat relapsed or refractory mantle cell lymphoma, an aggressive cancer of the lymphatic system, which contains disease-fighting white blood cells, that relapses after initial treatment or fails to respond to it.

The regulator's accelerated approval was based on a early-to-mid stage study in which the drug showed a complete response, or disappearance of all detectable signs of cancer, in 16% of the patients on the drug.